Tahoe Donner Weekly Market Update

Sales have slowed down a bit in the Tahoe Donner market this past week, but there is still some activity. 2 homes sold this past week in Tahoe Donner. One home sold for full price at $616,000 and was listed for only 29 days. The other home was originally listed for $824,000 and sold for $799,000. This one was on the market for 87 days. 5 new homes went under contract this last week – 3 in the $400K range, 1 in the $700K range, and 1 over $1 million. There are now 13 homes under contract in Tahoe Donner. For new listings this week – 4 homes, 2 condos and one shared ownership came on the market. There are currently 159 single family homes listed in Tahoe Donner and 24 condos. This puts the absorption rate at about 8% and there is about 1 year of inventory remaining.